FVCBankcorp, Inc. (NASDAQ:FVCB) Director Daniel M. Testa Sells 1,500 Shares

FVCBankcorp, Inc. (NASDAQ:FVCB) Director Daniel M. Testa sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $12.17, for a total transaction of $18,255.00. Following the completion of the sale, the director now owns 164,525 shares in the company, valued at $2,002,269.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

FVCBankcorp Stock Performance

Shares of FVCB traded down $0.38 during trading hours on Friday, reaching $12.33. 22,874 shares of the company traded hands, compared to its average volume of 24,049. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s fifty day moving average is $11.32 and its 200 day moving average is $11.40. FVCBankcorp, Inc. has a 1-year low of $9.78 and a 1-year high of $15.39. The stock has a market cap of $221.76 million, a P/E ratio of 51.38 and a beta of 0.24.

FVCBankcorp (NASDAQ:FVCB) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. FVCBankcorp had a return on equity of 7.25% and a net margin of 4.44%. The company had revenue of $28.84 million for the quarter, compared to analyst estimates of $14.08 million. Equities research analysts anticipate that FVCBankcorp, Inc. will post 0.9 earnings per share for the current fiscal year.

Institutional Trading of FVCBankcorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in shares of FVCBankcorp by 69.2% in the 1st quarter. BNP Paribas Financial Markets now owns 7,707 shares of the company’s stock valued at $94,000 after purchasing an additional 3,152 shares in the last quarter. New York State Common Retirement Fund boosted its position in FVCBankcorp by 1,504.6% in the fourth quarter. New York State Common Retirement Fund now owns 7,670 shares of the company’s stock valued at $109,000 after buying an additional 7,192 shares in the last quarter. Princeton Capital Management LLC bought a new stake in FVCBankcorp during the second quarter worth about $109,000. Chevy Chase Trust Holdings LLC increased its holdings in shares of FVCBankcorp by 45.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 19,687 shares of the company’s stock worth $215,000 after buying an additional 6,187 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of FVCBankcorp by 17.1% during the second quarter. Bank of New York Mellon Corp now owns 52,884 shares of the company’s stock worth $577,000 after buying an additional 7,709 shares in the last quarter. Institutional investors own 43.61% of the company’s stock.

About FVCBankcorp

FVCBankcorp, Inc operates as the bank holding company for FVCbank that provides various banking products and services in Virginia. It offers deposit products, including interest and noninterest-bearing transaction accounts, savings accounts, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction loans; commercial loans for various business purposes, such as for working capital, equipment purchases, lines of credit, and government contract financing; small business administration loans; asset-based loans and accounts receivable financing; home equity loans; and consumer loans.